How Much Is NSFAS Monthly Allowance?
How Much Is NSFAS Monthly Allowance? Living allowance Nsfas
The amount of money given each month by the National Student Financial Aid Scheme (NSFAS) in South Africa varies according to the degree of study the student is enrolled in and their particular financial circumstances. A means test that considers the family income, academic standing, and other aspects establish the amount of funding given to each student.
For students who qualify for full support through NSFAS, a monthly stipend of up to R5,730 is offered. According to the specific circumstances of each student, the amount of funding offered could be less. In addition to the monthly allowance, it’s important to remember that NSFAS also finances tuition fees, housing, and other study-related costs. How Much Is NSFAS Monthly Allowance?
Living allowance Nsfas
What is covered by the bursary?
The housing, living allowance, transportation, and educational material amounts must be in accordance with the most recent DHET requirements.
As per the actual costs charged by the university (costs for private accommodation must not exceed costs for university residence)
- Transport (up to 40 km from the institution) R7 500 per annum
- Living allowance R15, 000 per annum
- Book allowances R5200 per annum
- Incidental/personal care allowance of R2900 per annum for students in catered residences
- Accommodation in an urban area is R24,000 per annum
- Accommodation in a peri-urban area is R18,900 per annum
- Accommodation in a rural area is R15,750 per annum
- Transport (up to 40 km from the institution) R7,350 per annum
- Transport R7000 per annum
- Incidental/personal care allowance R2900 per annum
Who qualifies for NSFAS funding?
- All South African citizens
- All SASSA grant recipients qualify for funding
- Applicants whose combined household income is not more than R350 000 per annum
- A person with a disability: Combined household income must not be more than R600 000 per annum
- Students who started studying before 2018 and whose household income is not more than R122 000 per annum.
Who should not apply?
- Students who have completed a previous qualification.
- Students with a combined household income of more than R350 000 per annum.
- Students who have already applied, qualified, and received funding. They are automatically funded for the duration of their studies provided they pass their modules and meet the academic requirements.
What conditions must be met before applying?
- Must be a South African citizen / permanent resident
- Combined gross household income should not exceed R350 000 per annum
- Combined gross household income (persons living with disabilities) should not exceed R600 000 per annum
- SASSA recipients automatically qualify for financial eligibility
- Must have email and cell phone number
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